The U.S. Securities and Exchange Commission (SEC) has argued in a court motion against Coinbase, the top US crypto exchange, that digital assets have no inherent value. The SEC claims that unlike tangible assets such as real estate, digital tokens cannot generate profits on their own and rely on an ecosystem to drive demand. The regulatory agency cites the Howey test, a legal criteria used to determine if a transaction qualifies as an investment contract, to support its argument. According to the SEC, crypto assets lack inherent value, making them investment contracts and therefore under the jurisdiction of the SEC. Coinbase has previously criticized the SEC’s enforcement-only approach, stating that it negatively impacts the US economy.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	0
People	None
Companies	U.S. Securities and Exchange Commission (SEC), Coinbase
Currencies	None Trading
Securities	None